SIDBI signs MoUs with stakeholders

New Delhi: SIDBI, towards its continuing effort for MSMEs to embrace energy efficiency in operations
and reduce their Carbon Footprint status, entered MoUs with stakeholders that will contribute to India's
SDG  2030 Targets.
Sectoral Engagements with GiZ
Waste Solutions for a Circular Economy in India
An agreement was signed to announce the collaboration of Small Industries Development Bank of India
(SIDBI) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for operating a Risk
Sharing Facility (RSF) housed within the NAMA Facility entitled ‘Waste Solutions for a Circular Economy
in India' project. The project has the Ministry of Environment, Forest and Climate Change (MoEFCC) as
the nodal Ministry and the Ministry of Housing and Urban Affairs (MoHUA) as the implementation
partner Ministry.
SIDBI will operate the RSF that provides credit guarantees to loans from commercial banks or NBFCs
(Non-Banking Financial Companies) in order to accelerate activities of waste management companies,
low-carbon waste management solutions, biomethanation, recycling, composting, and Refused Derived
Fuel for use in cement kilns.
The RSF's initial budget would be EUR 4.2 million which will be from the NAMA Facility. The project will
also support building of awareness and capacities among various stakeholders, thereby enhancing the
success of the RSF. Around 15 waste management companies have already shown interest in accessing
debt guarantee facility from the RSF during the pre-launch event held in August.
The NAMA Facility is a multi-donor programme that supports the implementation of NAMA Support
Projects (NSPs) that affect sector-wide shifts toward sustainable, irreversible, and carbon-neutral
pathways. It is funded by the German Federal Ministry for the Environment, Nature Conservation,
Nuclear Safety and Consumer Protection (BMUV), the UK Department for Business, Energy and
Industrial Strategy (BEIS), the Danish Ministry of Climate, Energy and Utilities (KEFM) and Ministry of
Foreign Affairs (MFA), the European Commission (EU), and the Children's Investment Fund Foundation
(CIFF).